Snap Inc, the parent company of Snapchat, has announced it will lay off 10% of its workforce, or about 530 employees, in the first quarter of 2024. The move comes as the social media giant faces increasing competition and regulatory pressure in the tech sector. The company did not disclose which offices or regions would…
Korean semiconductors make waves in the U.S. market
The term “K-Semiconductor” has been coined to describe the dynamic and influential business activities of Korean semiconductor companies in the global arena. One of the most notable examples of this is the recent establishment of a new foundry by Samsung Semiconductor in Texas, which covers an area of five million ㎡ and will produce high-tech…
Nintendo Switch: The Ultimate Guide for Gamers
Are you looking for a new gaming console that can offer you the best of both worlds? Do you want to play your favorite games on the big screen or on the go? If you answered yes to any of these questions, then you might be interested in the Nintendo Switch, the latest innovation from…
Samsung Galaxy A55: Everything you need to know about the upcoming mid-range phone
Samsung is preparing to unveil its next premium mid-range device, the Galaxy A55, which is expected to debut in March. The Galaxy A55 will be the successor to the Galaxy A54, which was one of the best-selling phones of 2023. The A55 will aim to continue that legacy by offering some impressive features and specs,…
Nintendo raises Switch sales forecast after strong quarter
Nintendo has increased its sales forecast for its popular Switch console, after reporting better-than-expected results for the December quarter. The gaming giant said on Tuesday it now expects to sell 15.5 million Switch units in the fiscal year ending in March, up from its previous projection of 15 million. Nintendo’s net sales for the third…
BearingPoint breaks €1 billion in revenue and expands globally
AMSTERDAM: BearingPoint, a management and technology consultancy, achieved a record revenue of €1.017 billion in 2023, an 18% increase from the previous year. The firm also grew its bookings by 21% and delivered more than 1,800 projects in 32 countries. To support its growth, BearingPoint hired more than 900 people in 2023, bringing its total…
Groupe Berkem acquires Naturex Iberian Partners in Spain
Groupe Berkem, a leader in plant chemistry, announced the acquisition of Naturex Iberian Partners, Givaudan’s industrial site in Valencia, Spain, specialized in plant and marine extraction. The deal, which is expected to be completed by May 31, 2024, will allow Groupe Berkem to increase its production capacity and meet the growing demand for sustainable solutions…
All Things Considered Group buys 50% stakes in Mckeown Asset Limited
LONDON, UK: All Things Considered Group plc (ATC), a music group that offers talent management, live booking, livestreaming and direct-to-consumer services, has acquired a 50% stake in Mckeown Asset Limited (MAL), a UK holding company that owns several businesses in the live entertainment and music sector. The deal, worth £475,000 in cash, will give ATC…
Augmentum Fintech invests into London based insurtech Artificial Labs
LONDON, UK: Augmentum Fintech plc, Europe’s leading publicly listed fintech fund, has made a £4 million investment into London based insurtech Artificial Labs. Augmentum has led Artificial’s £8 million Series A+ round, which also includes participation from existing investors MS&AD Ventures and FOMCAP IV, alongside other investors. Insurtech Artificial is an established underwriting technology provider…
Dassault Systèmes and Assystem join forces to boost advanced modular reactor projects
PARIS, FRANCE: Dassault Systèmes, a leader in virtual twin technologies, and Assystem, a global engineering and project management company, have announced a strategic partnership to support the development of advanced modular nuclear reactors. These reactors are designed to produce clean, safe and reliable energy for various applications. The partnership will leverage the 3DEXPERIENCE platform by…
Envipco appoints new Chief Strategy and IR Officer
AMSTERDAM: Envipco Holding N.V., a leading provider of reverse vending solutions, has announced the appointment of Mikael Clement as its new Chief Strategy and IR Officer (CSO). The CSO role is a newly created position that will strengthen the Company’s corporate management and executive leadership. Mikael Clement will be in charge of defining and executing…
McNally Capital appoints Lou Rassey as Co-CEO and Managing Partner
McNally Capital, a private equity firm, announced today that Lou Rassey, a former CEO, entrepreneur, and McKinsey Partner, has joined the firm as Co-Chief Executive Officer (Co-CEO) and Managing Partner. Rassey will work alongside Founder, Co-CEO, and Managing Partner Ward McNally to lead the firm’s growth, innovation, and operational excellence. Rassey brings 30 years of…